Do your taxes early and be safe on Tax Day. Those are the takeaways from a study published in the April 11 edition of the Journal of the American Medical Association.
The study revealed that traffic fatalities in the United States rise 6% on April 15th, the normal tax return filing deadline (it is April 17th this year). Donald A Redelmeier, one of the study's authors, told Tax Analysts that, "stressful deadlines contribute to fatal mistakes on U.S. roadways."
Tax deadline data from the IRS and fatal road crash data from the National Highway Traffic Safety Administration over the last three decades (1980-2009) were used in the study, which compared the number of fatalities with a control day one week before the April 15th deadline and another control day one week after.
What this means is you should (always) drive safe and try to stay as stress-free as possible about your taxes. Be proactive, meet with your CPA (or file online) and use as much information as possible (like from our tax planning articles archive) to find beneficial, and many times hidden, deductions.
-By Jared Trexler
Smart money/Coming Soon
Mailbag
Thursday's Slott Report Mailbag
Consumers: Send in Your Questions to [email protected]
Q:
Can I transfer money from my IRA to my husband's Roth IRA? I am 35, and he is 36.
Thank you!
Gail Clements
A:
No. The only way your IRA funds can be transferred to your husband’s IRA is in a divorce or after your death. Even then, it would have to be transferred to a similar IRA, for example an IRA to IRA or a Roth IRA to another Roth IRA. In this case, you cannot transfer your IRA into your husband’s Roth IRA.
HTML18
Articles That Move
1 comments:
A lot of taxpayers believe it is normal exercise for preparers to exaggerate their tax deductions and credits as a way to get more substantial returns. These taxpayers should be aware the federal government is routinely interested in higher amounts as well as an increased quantity of claimed deductions and credit, in order to attack tax schemes. Yes it's true; the federal government views that as being fraud! This exercise is not sanctioned by law; in addition, the IRS can use the total scope of its power to prosecute any taxpayers attempting to engage in it. Never let tax preparers coerce you to ultimately go with this form of tax filing. Don't forget, they won't have to pay for it, you will definitely. Discover more about this here: http://www.tax-defense-network-collection-action.com/collection-action/tax-defense-network-irs-criminal-investigation/
Post a Comment